Indian Bank shares rise 70% YTD amid index speculation
market hours1 source ↓written by the desknot a recommendation
- year-to-date returns
- 70%
Indian Bank shares surged over 3% on Monday, marking six consecutive days of gains and pushing year-to-date returns to 70%. The rally is driven by speculation of potential index inclusion and strong financial performance, with net profit up 11.5% YoY in Q2 FY2024.
This significant rise may attract further investor interest, potentially impacting market sentiment for PSU banks. 📈
Not investment advice. For informational purposes only.